Overview
AIC – NITIE Incubation Foundation for Innovation and Entrepreneurship (AIC-NIFIE) is an umbrella organization at IIM Mumbai for fostering entrepreneurship and nurturing tech start-ups. It administers a business incubator which provides ‘start to scale’ support for technology-based entrepreneurship and facilitates the conversion of research activity into entrepreneurial ventures.
AIC – NIFIE is Section 8 of Companies Act 2013, the main objective is to nurture start-ups focusing on economic growth, strategic value and social relevance. In addition to IIM Mumbai, AIC – NIFIE is supported by Atal Incubation Centre, NITI Ayog, Govt. of India.
The incubated startups mainly are from the following business and technology sectors.
Vision
To become a Global Leader in Innovation and Entrepreneurship, by creating an environment that nurtures an innovator to be a successful entrepreneur and commercialize their ideas into viable businesses.
Mission
To nurture business ideas of entrepreneurs and to become a global leader in entrepreneurship,
- By creating awareness among the IIM Mumbai fraternity about Start-up and its challenges
- By facilitating the availability of needed to achieve their entrepreneurial aspirations with end-to-end support, right from the Ideation & Incubation to the launch of the actual product/service.
- By creating a strong network of self-motivated Inventors & entrepreneurs, industry experts, who would like to mentor and guide budding entrepreneurs
- By providing a platform for interaction with successful Inventors, entrepreneurs, industry mentors and funding agencies.
Business Sector focus
- Supply Chain Management and Logistics
- Defense Technologies
- Rural Engineering
- Agro and Food processing
- Renewable energy and natural resources
- Environmental Sustainability
- Service Industries
- Enterprise Services
- Fintech
Technology Domains
- Artificial Intelligence
- Enterprise technologies like IoT, Digital Twins, Robotics
AIC NIFIE, 4th Flr IRC BLDG, 